Member Info for cindercone

Pdub "All I would say is that broker targets are issued after studying past and current performance of the business (not share price) and what they expect of the business (not share price) in future. That shapes their share price forecast."

I completely disagree, broker targets are issued because all AIM-listed companies have to have a broker and the broker is basically paid to publish a positive price target. It's a very murky business - I'd go as far as to call it a total scam. Brokers are wined and dined to give positive price targets, information is withheld from them, and even if they know a business is going through turbulence they're not going to significantly downgrade (beyond what the price currently is) a price target to reflect that. The broker note 'might' have some useful information, but the price target itself is complete nonsense and only a moron would use it as an SP guide.

If so-called 'experts' SP Angel knew anything about vanadium market fundamentals, why didn't they predict or at least warn of the vanadium price collapse in 2018? Even on the way down, they upheld their absurd price target while the SP was falling through the floor. IMO SP Angel are about as much use as a chocolate dildo and I'm surprised BMN haven't dumped them because their reports often look like they're written by a 12-year-old.

It is deceptive as he's claiming things are improving based on the broker target, which is patently false as the SP has not improved due to the broker target and BMN has never got near a broker target.

People are free to say whatever they like and I have the right to challenge it.

What's positive about feebly trying to convince people that a broker target will shift a share price? Show me the evidence for it? It's misleading and deceptive, like Boris.

"Forecast price from 2 analysts put BMN at either 20p or 30p. One bag or double bag either way things are improving here."

Only a fool would buy a stock based on a broker price target. They're totally worthless.

Why does the board seem intent on torturing its investors?

Question is, what else is AS not telling us? Are the AVA6K trials going well or is bad news simply being buried? He needs to come out and explain everything surrounding LFTs/Medusa/sales and the approval process and offer a lot more clarity.

Bored sick of this whole sorry LFT goose chase now. Nothing left to discuss, no one left to believe or disbelieve - the AVA6K results will speak for themselves so it all depends on your appetite for risk. AS has zero credibility at this point, the proof of the pudding is in the eating.

Why would they buy when they get shares for nothing then use them to pay their tax bills?

Open to surprises, but unless some big news hits or there is a massive vanadium rerate I really don't see BMN doing anything much in 2022. We already have evidence that Duferco has started dumping their 60m shares once the SP rises above 10p.

2023 is the big year for me - the share hangover will be gone and we'll know whether the company's continued silence is based on judicious strategic manoeuvering or otherwise. If not, shareholders should petition for the removal of BMN's vastly overpaid directors.

Apologies if already posted, but quite a juicy dossier of information on the Innova scandal.

https://www.conservativewoman.co.uk/innovas-iniquity-part-1-how-test-firm-flashed-the-uk-taxpayers-cash/
https://www.conservativewoman.co.uk/innovas-iniquity-part-2-protected-by-the-uk-regulator/
https://www.conservativewoman.co.uk/the-innova-scandal-part-3-the-us-says-throw-the-tests-in-the-trash/
https://www.conservativewoman.co.uk/the-innova-scandal-part-4-questions-the-government-has-ignored/

What stands out is Tim Peto's recent comment: “Some of the English manufacturers are very unhappy their kits have failed and some of them think that they’ve been unfairly tested. I don’t know on what grounds they think it’s unfair other than it came out negative."

Yet, he is captured on audio in November 2020 claiming: "Four or five got through the screening process and one, Innova, was done first and we’ve got more data on that because of time – I’m not saying that the others aren’t as good – and I’m going to present to you the Innova data because I think that is going to be distributed widely in the short term."

Read into that what you will and make your own assumptions.

SP Angel next. Utterly useless.

As Faramog points out, obviously if FM had not bought into Vametco nothing would have happened, but then neither would it have happened had his mother not given birth to him - so maybe she should be given the credit.

Sarcasm aside, the SP rise to 48p was not down to the strategic genius of FM. Around 2017, he foresaw a structural deficit in the market increasing the V price from a low base - he was right, but it had crashed from $50 to $30 by year-end. He didn't factor in the Chinese government introducing high strength rebar regs, the real reason for the huge $120 V spike and subsequent 48p SP rerate.

"Exactly the same negativity could be read on this bb from 2015 to early 2017. That was just before the first Vametco acquisition and the share price rise from 1.5p to 48p. There were shareholders then that could not see beyond the daily share price. Some sold out and missed out on the meteoric rise in share price whilst others made huge profits."

Except the meteoric rise in V price had nothing to do with Fortune Mojapelo. He had nothing to do with the V Price rising to US$100+, just like you wouldn't credit the CEO of Shell if the petrol price went up 5 fold.

"otherwise give your money to some overpaid fund manager whose priority is his next bonus and not your returns."

Bit harsh of you to accuse Fortune Mojapelo and Mikael Nikomorov of being fund managers.

Eskom unlocks land in power stations for renewable energy development:
https://twitter.com/Eskom_SA/status/1471110157165813765

Wonder if BMN will bother tweeting this? Communications are so horrendous you sometimes wonder if renewable energy in South Africa has got anything to do with them.

Congratulations to Fortune Mojapelo for steering BMN's SP to a near four-year low. In the past 12 months the only meaningful RNS's the company have delivered were the selling down of directors shares, an operational update **** up, notification of an investment in Enerox that's resulted in litigation, and unprotected industrial action.

Let's hope 2022 is better, as it can't get much worse. I also expect shareholders to vote against any bonus shares/payments for BMN/BE directors. As a publicly listed company, they've delivered nothing to shareholders and should therefore get nothing in return. Over the past 12 months, the SP has almost halved from a very low bar and, to put it bluntly, communications have absolutely stunk.

I'm sure you don't need me to tell you that earnings do not equate to profit + Fitch Solutions predict that tin prices will drop to $21,000/tonne by 2024. Viljoen needs to demonstrate a stronger thesis if ATM is to fulfill its potential.

All the same, hands up if you're fed up of hearing Mikael Nikomorov's ebullient analysis of the burgeoning VRFB market while doing absolutely nothing to drive Bushveld Energy in this space. I can't be the only one who's bemused as to why he's being paid $100k+ for posting LinkedIn posts like it's some 6th form schoolboy project.

Keeping my eye on ATM, but Viljoen always comes across as evasive in interviews and this one is no exception. Do those lithium reserves have any tangible value? Hard to say at this point when the extraction method is so unclear. Not sure Viljoen knows either.

We know there is an open short. My guess is that they get a bit worried whenever there's a spike and try to destroy sentiment by hammering the SP down as quickly as possible.